Account Opening for Challenger Banks

Applicants continue to abandon new account applications before completion.

Why? Because onboarding and activation processes are often clunky at best, making frustrated applicants walk away.

Challenger banks understand that today’s consumers expect frictionless online experiences for every transaction – even as fraud schemes grow in complexity. In order to streamline growth and increase operational efficiency, challenger banks need to embrace tools that enable seamless consumer experiences to acquire new, legitimate applicants. Account opening capabilities powered by machine learning allow them to easily exceed customer expectations and decrease friction without increasing risk.

Download this eBook to learn how to:

• Troubleshoot your account opening challenges
• Utilize tailored workflows to customize the account opening process based on risk assessment
• Use machine learning to onboard the right customers and improve operational efficiency